Huge discount to it's peersOne of the beauty of buying SU is the huge discount on about any financial metrics
it is trading to it's peers.That alone, makes it a more defense play
The discount is even more VS it's USA conterparts.
One might say correctly Life your SU shares are underperforming and they would be
right.How can i say the opposite.Facts are facts
Today the pure refiners like MPC + 4.5%, VLO + 6.25% are doing much much better(Once again)
Still, i am happy and confident that i will make even more money by staying
invested and not trying to time the market.
Have i pick the best one.NO, but am i making money,YES.
My SU investments(capital paper gains + dividends) has been and i forsee will
continue to make me a wealthier investor.
Don't forget it's time in the market not timing the market that make the most sense.
Ask the gloom and doom investors that have taken a PRUDENT APPROACH and have been
predicting recession in the last two years how do they feel now having miss this huge bull run up.
One day we will have a major correction in the market but trying to predict it is impossible.
the only thing a good investor can do is buy well managed and profitable one at reasonable
price and let time do the rest.
Can we always pick the best of the best.No but buying quality pays off in the end.
And Suncor is a quality company.
Ask the one who try to find the next future failed stock and who as sold his
position at the worst time last summer in the low $38....
We are in business with O&G stocks.The naysayers will come back when the sector
make a pullback.And a pullback there will be.It's a normal process.
Nice evening to all